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Being able to budget your money is an essential life skill. Creating a budget/spending plan is simple, but sticking to it can be difficult for most people. The following steps will help you create a budget/spending plan and make the most of your money.

Step 1: Determine your income. Include all sources of income, including wages from your job, financial aid, or scholarships.#ShowMetheMoney Logo

Step 2: Determine your expenses. What are your expenses every month? Include items like a car payment, food, entertainment, gas, and others.

Step 3: Check to see how you’re doing. Are your expenses higher than your income? Do you need to cut expenses?

Step 4: Track your spending every month. Your budget may look good on paper, but if you don’t see what you actually spend and keep track you don’t know if you are really sticking to your budget.


#BudgetBoss Budget Tracker

Get your finances in order with our #BudgetBoss Budget Tracker Worksheet. Take control of your budget and know what you can afford with our free printable.

Budget Boss Tracker

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